Forsta AP Fonden Has $5.77 Million Stock Holdings in Charter Communications, Inc. (NASDAQ:CHTR)

Forsta AP Fonden increased its stake in Charter Communications, Inc. (NASDAQ:CHTR - Free Report) by 17.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,800 shares of the company's stock after acquiring an additional 2,600 shares during the period. Forsta AP Fonden's holdings in Charter Communications were worth $5,769,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital International Investors increased its stake in shares of Charter Communications by 53.6% in the first quarter. Capital International Investors now owns 10,558,651 shares of the company's stock worth $3,068,661,000 after acquiring an additional 3,685,451 shares during the last quarter. Pzena Investment Management LLC increased its position in Charter Communications by 96.5% during the first quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company's stock worth $827,848,000 after buying an additional 1,399,034 shares during the last quarter. First Eagle Investment Management LLC increased its position in Charter Communications by 172,425.2% during the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock worth $104,188,000 after buying an additional 348,299 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Charter Communications by 12,597.3% during the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company's stock worth $80,941,000 after buying an additional 247,789 shares during the last quarter. Finally, Zimmer Partners LP acquired a new stake in shares of Charter Communications in the first quarter valued at about $32,074,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Down 0.7 %

CHTR traded down $2.40 during trading on Tuesday, hitting $327.27. The company had a trading volume of 1,244,048 shares, compared to its average volume of 1,360,716. The company has a market capitalization of $47.14 billion, a PE ratio of 10.57, a PEG ratio of 0.62 and a beta of 1.05. Charter Communications, Inc. has a one year low of $236.08 and a one year high of $424.86. The firm's 50-day moving average price is $333.64 and its 200 day moving average price is $310.12. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm had revenue of $13.69 billion for the quarter, compared to analysts' expectations of $13.59 billion. During the same period in the previous year, the firm posted $8.05 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts expect that Charter Communications, Inc. will post 32.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CHTR shares. Citigroup upgraded shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. Barclays raised their price target on shares of Charter Communications from $250.00 to $300.00 and gave the stock an "underweight" rating in a research note on Monday, July 29th. Royal Bank of Canada initiated coverage on shares of Charter Communications in a research note on Thursday, September 19th. They set a "sector perform" rating and a $345.00 price target for the company. TD Cowen raised their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Finally, Wells Fargo & Company raised their price target on shares of Charter Communications from $260.00 to $350.00 and gave the company an "equal weight" rating in a report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications presently has a consensus rating of "Hold" and an average price target of $356.41.

Charter Communications Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.